NewsChina slashes eco-car subsidies 20% as sales reboundNew-energy-vehicle market expected to reach 1.8m units in 2021. 1 min read
Although widely criticized in the country, the “996 working culture” is still prevalent in the tech industry. NewsPinduoduo is being investigated after death of 22-year-old employee3 mins read
As of October, China’s music streaming services reached 620 million MAUs, while paying users surpassed 70 million. NewsAlibaba’s music streaming service Xiami to shut down after 12 years2 mins read
Merger discussions between Gojek and Singapore-based rival Grab have stalled. NewsKEY STAT | Indonesia’s Gojek and Tokopedia could create national e-commerce champion1 min read
Grab’s revenue jumped 70% year-on-year in 2020, supported by a strong food-delivery business. NewsDespite of revenue boost, Grab is seeking USD 750 million term loan, report says2 mins read
Over the last couple of years, Mirae Asset Venture Investment has invested almost USD 200 million from its global fund in Indian tech startups including Ola, BigBasket, and Zomato, among others. NewsSouth Korea’s Mirae Asset sets up India-dedicated fund to back early-stage startups2 mins read
China Mobile tumbles to lowest level since 2006, while oil companies also fall. NewsChinese telecom shares drop in Hong Kong on NYSE act to delist4 mins read
On average, each of the 500 million users placed 34 orders in 2020. NewsKEY STAT | Takeouts account for over 20% of China’s F&B industry1 min read
Rival Tesla started selling its Shanghai-made Model Y on Friday, at a price that is undercutting local competitors. NewsNio launches used-car service as deliveries hit new record2 mins read
NewsDeals in brief: Carro and Dat Bike raise funding, Terra Oleo debuts with seed round, six new China deals, and more
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